Nuveen Asset Management LLC Buys 19,237 Shares of Bright Horizons Family Solutions Inc. (NYSE:BFAM)

Nuveen Asset Management LLC lifted its position in Bright Horizons Family Solutions Inc. (NYSE:BFAM - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 297,511 shares of the company's stock after buying an additional 19,237 shares during the period. Nuveen Asset Management LLC owned about 0.51% of Bright Horizons Family Solutions worth $32,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Bright Horizons Family Solutions by 0.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,202 shares of the company's stock worth $1,463,000 after buying an additional 96 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Bright Horizons Family Solutions by 3.6% during the fourth quarter. Bank of Montreal Can now owns 2,912 shares of the company's stock valued at $323,000 after purchasing an additional 101 shares during the last quarter. Accretive Wealth Partners LLC raised its holdings in shares of Bright Horizons Family Solutions by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 7,514 shares of the company's stock valued at $833,000 after purchasing an additional 111 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Bright Horizons Family Solutions by 0.9% during the fourth quarter. Arizona State Retirement System now owns 15,161 shares of the company's stock valued at $1,681,000 after purchasing an additional 129 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Bright Horizons Family Solutions by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 25,336 shares of the company's stock valued at $2,808,000 after purchasing an additional 150 shares during the last quarter.

Bright Horizons Family Solutions Stock Performance

BFAM stock traded up $1.93 during midday trading on Tuesday, reaching $131.55. 706,783 shares of the company's stock traded hands, compared to its average volume of 453,250. Bright Horizons Family Solutions Inc. has a 52-week low of $100.59 and a 52-week high of $141.90. The stock has a market cap of $7.53 billion, a P/E ratio of 54.81 and a beta of 1.32. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.66. The stock's 50-day moving average is $121.85 and its 200 day moving average is $119.20.

Bright Horizons Family Solutions (NYSE:BFAM - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.14. Bright Horizons Family Solutions had a net margin of 5.22% and a return on equity of 13.63%. The business had revenue of $665.53 million during the quarter, compared to analysts' expectations of $664.34 million. During the same period in the prior year, the company earned $0.51 earnings per share. The firm's revenue was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Bright Horizons Family Solutions Inc. will post 3.61 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BFAM shares. BMO Capital Markets boosted their price objective on shares of Bright Horizons Family Solutions from $127.00 to $146.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Wall Street Zen raised shares of Bright Horizons Family Solutions from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, Morgan Stanley boosted their price objective on shares of Bright Horizons Family Solutions from $100.00 to $106.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.33.

Insider Transactions at Bright Horizons Family Solutions

In other news, COO Mary Lou Burke sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $124.69, for a total value of $124,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,449 shares of the company's stock, valued at $4,170,755.81. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Ann Tocio sold 2,500 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.74, for a total transaction of $311,850.00. Following the completion of the sale, the director now directly owns 22,757 shares of the company's stock, valued at approximately $2,838,708.18. This trade represents a 9.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,500 shares of company stock valued at $561,900 over the last three months. Corporate insiders own 1.22% of the company's stock.

Bright Horizons Family Solutions Profile

Bright Horizons Family Solutions Inc provides early education and childcare, back-up care, educational advisory, and other workplace solutions services for employers and families in the United States, Puerto Rico, the United Kingdom, the Netherlands, Australia, and India. The company operates in three segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory and Other Services.